Industry Experts Expect Auto Sales to Improve in February

Since the fourth quarter of 2011, industry experts have been predicting sales improvements for 2012, and the latest J.D. Power and Associates monthly report indicates the predictions are right so far. The update projects that new-vehicle sales are expected to reach about 857,400 units by the end of February, which is a 5 percent improvement over the same month last year.

"Retail light-vehicle sales in February are strong, which makes us modestly optimistic about the growth of sales going forward," said John Humphrey, senior vice president of global automotive operations for J.D Power. "We're increasingly confident that the fundamentals are in place to continue to support an upbeat sector outlook for the coming year."

Improvements from last year were even stronger for used cars, which may be as much as 16.5 percent higher than February 2011, according to recent TrueCar.com predictions. In fact Jesse Toprak, vice president of industry trends and insights for the automotive website, said he expects automotive sales to reach 14 million units by the end of the year. Until now, experts have projected the totals to reach between 13.6 and 13.8 million units.

Toprak also expects to see a 20 percent surge in sales of fuel-efficient compact cars and hybrid models, such as the Ford Focus and Honda Civic Hybrid, throughout the year. In February at least, used vehicles sales are predicted to outweigh those of new cars two-to-one. Those looking to get behind the wheel of a used vehicle this year can head to New Jersey State Auto Auction. Whether you want a fuel-efficient gas-powered car like the Focus, or you'd prefer to drive a hybrid, NJ Auto has plenty of affordable options.

Hyundai Sales Improve, Prices Increase

Hyundai has been climbing the ranks of the automotive industry to become one of the best-selling brands in America. Since the brand is building a new, reliable image and shedding its former reputation for supplying vehicles with questionable quality, its sales are rapidly growing and so are the prices, according to USA Today.

"They really changed people's minds," Jessica Caldwell, an Edmunds.com analyst, told the publication. "It's a turning point for the brand but it's a long process that's not over yet."

For example, the Elantra, which was named the 2012 North American Car of the Year, is one of the products helping to reinvent the brand's image, but the news source reports it may be more expensive than some of its competitors. In fact, the average price paid for an Elantra in 2011 was about $19,711, which is about $1,500 more than what consumers paid for the Toyota Corolla.

New cars typically lose about 10 to 20 percent of their resale value the moment they are driven off the lot. Used vehicles on the other hand do not depreciate as quickly. They also tend to cost less than new versions.

Those looking to get behind the wheel of a used Hyundai Elantra, Sonata or other compact vehicles need look no further than New Jersey State Auto Auction. The dealer offers a wide variety of used vehicles from smaller, fuel-efficient models like the Toyota Corolla or the Honda Civic. All of the models are CARFAX certified, so drivers know they'll be driving away in a dependable set of wheels.

KBB: Seriously Consider Fuel-Efficiency as Gas Prices Rise

Gas prices have been on the rise over the last several weeks, and some experts predict the increases won't stop any time soon. With the average gallon of gas costing close to $4, anybody considering buying a used car may want to heavily weigh the importance of fuel-economy on their next purchase, Kelley Blue Book (KBB) advises.

The national average price currently stands at $3.59 a gallon and buying a fuel-efficient used car may be a great way to save money over the next several months, as gas prices could reach near-record levels. Analysts at KBB say an increase of $1 per gallon could cost consumers who drive a car that gets 20 miles-per-gallon an average of $11.50 each week. Though it might not seem like a lot, it could make a big difference.

"While in today's economic environment many families are on an extremely tight budget and $11.50 per week may be enough to break the bank," said Alec Gutierrez, the senior market analyst of automotive insights for KBB.

Of course, there are some cars that are better choices than others for people looking to get behind the wheel of a fuel-efficient car. For instance, the Toyota Camry has been a longtime favorite and its new hybrid model gets an impressive 41 miles per gallon on the highway. Other good options include a used Ford Fiesta or Hyundai Accent, which not only provide optimal fuel-efficiency but also are affordable options.

Those looking for a small used car might want to head to New Jersey State Auto Auction. The dealership offers shoppers a wide variety of makes and models at affordable prices, and with guaranteed credit approval everyone can walk out with a new ride.

Which New Cars Rose the Most in Price?

By most accounts the auto market seems to be improving, but there are still some new cars that will cost more in 2012. There is a large swath of models that will be more expensive, from American-made cars to foreign imports, and may be a good indicator of why consumers should visit New Jersey State Auto Auction for a used car instead.

At the top of the list was the Hyundai Azera. According to USA Today, the price of the mid-size sedan jumped a substantial 25 percent compared to its 2011 cost. A 2012 Azera will cost consumers about $32,000 which is up considerably from last year's sticker price of $25,495. Although it comes complete with some new features and some experts say it is much better off, that's still a pretty serious jump.

The Azera may have seen the steepest rise in price, but it was not the only one. Longtime consumer favorite the Volkswagen Jetta also made the list with a 9.6 percent raise in costs from $21,395 2011 to $23,445 in 2012.  As for American-made cars, the GMC Canyon had the biggest increase, going from $30,005 to $31,790 – a 5.9 percent jump.

If you're not interested in paying a high price for your preferred vehicle, a used Ford or Chevy may be the better option. According to AutoTrader, you can get a lot of great vehicles for under 10,000 including the 2004 Ford Mustang and 2005 Honda Civic.

New Jersey State Auto Auction has a wide variety of makes and models at your disposal, and not only are they affordable, but because they are CARFAX certified you know you're getting a reliable vehicle.

Interest Rates Continue Downward Trend

Out of all the indicators of an improved economy, the recent findings from Experian may be the best for people looking to buy a used car. Analysts say that interest rates for new and used vehicles continued their downward slide and are currently at their lowest rates in more than three years.

Along with lower interest rates, which dropped to an average of 4.52 percent, Experian found that in the fourth quarter of 2011, lenders continued to be more likely to approve loans to nonprime, subprime and deep subrpime customers. The report is good news for people who may be driving on a set of wheels nearing the end of its life.

"The improved automotive lending market is good news for consumers in the market to buy a vehicle," said Melinda Zabritski, the director of automotive lending at Experian Automotive. "The confluence of low interest rates, longer loan terms and an increase in loans outside of prime provide a great opportunity for more people to find a vehicle that suits their needs."

Not only are lenders approving more applicants, but consumers are doing their part as well. Loan delinquencies dropped considerably during the final quarter of 2011. The 30-day rate fell 6.57 percent compared to the same period in 2010, and the 60-day rate dropped an impressive 9.51 percent.

One place nobody will have trouble getting a loan is New Jersey State Auto Auction. Thanks to a partnership with the Credit Acceptance Corporation, New Jersey Auto is able to offer guaranteed credit approval. With a large fleet of reliable used cars at affordable price, you'll be driving away with a new ride into time.

Gas prices are on the rise again

The cost of gas has been well-above $3 for some time now, but now news sources across the country are reporting prices have gone past $4 per gallon. AAA's Daily Fuel Gauge Report indicates that the national average is about $3.61 for regular unleaded gas, but states like California, Washington, Oregon, New York, Maine, West Virginia and Connecticut are seeing an average of $4.27.

ABC News affiliate KGO-TV reports that by noon on Wednesday, a gas station near the San Francisco Airport was selling regular fuel for $4.59 per gallon. Things are ever worse for Florida drivers, where gas prices have reached nearly $6 per gallon in some areas. Drivers are filling up for $5.79 in Orlando, according to CBS Tampa. The rest of the state is closer to the national average, but Florida motorists are still paying about 12 cents more than average.

"Prices over in Disney World area are much higher than any other place in Florida," AAA spokeswoman Jessica Brady told the news source. "It doesn't look like we will have relief at the pump anytime soon. I do think we will see prices surpass $4 a gallon. I think we will see that closer to springtime."

Drivers can take steps to improve the fuel economy of their current vehicles. Shutting off vehicles while they are idling is a wise move, as the U.S. Department of Energy reports idling can use between a quarter and a half gallon of gas per hour. Observing speed limits will reduce fuel consumption as well. Mileage typically decreases significantly at speeds above 60 miles per hour.

Getting regular maintenance and oil changes improves the engine's efficiency as well. Drivers can take their cars to New Jersey State Auto Auction's Total Car Care center, located in Jersey City and open to the public, to get tuneups, oil changes and make sure their vehicles are running smoothly. 

Video Aims To Quell Maintenance Fears

Auto maintenance can be one of the most troubling aspects of car ownership for drivers. Even if it's a small repair, it can be unfamiliar territory for some motorists who don't know what to expect when they take their vehicle to get fixed. In an effort to ease any worries, the Car Care Council recently released a video aimed at educating consumers of the repair shop experience.

The video, titled "Auto Service and Repair: What to Expect," provides a behind-the-scenes look at what goes on at car care centers. It also offers a number of tips on everything from finding the right businesses to asking the right questions. Being knowledgeable about the maintenance process is a significant part of car ownership, but unfortunately this is something that many people may not realize.

"For many consumers, taking their vehicle in for service or repair can cause anxiety and lead them to postpone necessary maintenance and repairs," said Rich White, executive director of the Car Care Council. "Neglecting routine service can cause more expensive repairs later. Our new, candid, no-nonsense video provides tips and advice, and lays out realistic expectations for motorists who need help finding and working with an auto service and repair shop."

In addition to anxiety, financial concerns may also cause drivers to put off getting their car fixed. A study from Consumer Reports found that 40 percent of motorists are putting off getting repairs or general upkeep on their primary vehicle due to the economy.

If you need to get your car looked at, New Jersey State Auto Auction's Total Car Care center is the place to go. Located in Jersey City and open to the public, its knowledgeable staff can quell any of the worries you might have.

Used Car Values Expected to Grow Less Than 2011

As winter starts to give way to spring, some motorists may be interested in starting out the warmer seasons with a new set of wheels by way of a used car. But before they do, it might be wise to look at what the market has in store for the next several months, and according to Kelley Blue Book, there is both good news and bad news.

Industry experts are predicting that the values of used cars will rise between 3 to 5 percent from now through June. Though that might deter some consumers from shopping for a used car, when compared to this time last year, prices are much lower. Between January and June 2011, used car values rose 10 percent.

There are a number of reasons for the lower rates of increase, but a lot of it is tied to the fact that gas prices may not be as high as they were during the spring of 2011. In that time, the demand for compact and hybrid cars rose considerably, which tended to drive the price up.

"Values of compact and subcompact cars should outperform the overall market average, but not by more than 2 to 3 percent, unless speculative investors drive up oil prices," KBB reports.

Regardless of how much the value of used cars rise, there are numerous benefits of purchasing a pre-owned vehicle. For example, you'll be able to save money on insurance and many used cars are as reliable as their brand new counterparts, according to Edmunds.

Though the values of used cars may be rising, you won't have a problem locating a good deal at New Jersey State Auto Auction. The wide variety of makes and models offered at the dealer all come at affordable prices.

Buick Verano and Other Small Cars are Favorites Among Car Shoppers

The all-new Buick Verano is garnering a lot of consumer interest, according to a recent AutoTrader.com New Car Insights Report. The company analyzes the amount of consumer attraction to vehicles on its website, and then compiles a list of the top 20 "Big Movers" that have experienced the largest increases in month-over-month interest.

The Buick Verano, which has only been in production for one year, saw a 95.7 percent increase. The sedan is both affordable (starting at $22,585) and fuel efficient, with an estimated 32-mile-per-gallon fuel economy. MotorTrend reports that the Verano came from the same family as the Chevy Cruze and the Volt, and is a bit smaller than the Buick Regal. A 180-horsepower 2.4-liter Ecotec four-cylinder engine with variable valve timing provides drivers with a smooth, fun to drive vehicle. MotorTrend indicates that the next model will likely get a slightly larger, more powerful engine, but with more power comes more fuel usage.

GM's new luxury sedan was not the only small model to make it onto AutoTrader's "Big Mover" list. The Subaru Impreza came in second, with a 39.4 increase in consumer interest and the Ford Focus saw a rise of 27.6 percent. Toyota was the real leader of the pack, with four vehicles on the list, the most of any automaker. The Prius saw a 38.1 percent climb in shopper interest and the Prius V, Yaris and Corolla all did well, too.

Whether drivers are looking for a used Focus, Corolla, Prius or other fuel-efficient vehicles, New Jersey State Auto Auction has plenty of makes and models at affordable prices. All their cars are CARFAX certified as well, so motorists know they'll be driving away in a reliable vehicle.

Reigning AL MVP Pulls Up in $200K Mercedes

Last year Detroit Tigers ace Justin Verlander became the first starting pitcher to claim both the AL Cy Young and MVP awards in 25 years, and it looks like he's rewarded himself for his impressive accomplishment. The 29-year-old right-hander rolled up to Tigers spring training in a Mercedes AMG SLS, The Detroit News reports.

Though Verlander can fire a fastball at upwards of 100 mph, his velocity pales in comparison to his new ride. The manufacturer says the car has a top speed of 197 mph and can go from 0 to 60 in just 3.8 seconds. The AMG SLS certainly does not come cheap, however.

"North of $200,000," Tigers fan Mark Painter told the newspaper. "I had an AMG years ago, but nothing like this. There aren't many like this."

Verlander is no stranger to high-performance vehicles. He showed up last year in a bright red Ferrari that seemingly foretold his legendary season where he notched 24 wins while maintaining a 2.40 ERA and striking out 250 batters.

Verlander's car was a bit different than what Philadelphia Phillies starter Roy Halladay showed up in. Halladay, a two-time Cy Young winner himself, made his spring debut by pulling up in a black hot-rod, CarBuzz reports.

While you may not have the resources to show up to work with a high-performance Mercedes or a classic hot-rod, that does not mean your ride doesn't deserve just as much attention. New Jersey State Auto Auction's Total Car Care center provides the perfect place for all your maintainence needs – from upkeep to repairs.